Extracts from the joint press conference by Viviane Reding and Algirdas Šemeta on the proposal of the EC on changes to criminal law to improve protection of EU financial interests
On 11 July 2012, Viviane Reding, Vice-President of the EC in charge of Justice, Fundamental Rights and Citizenship, and Algirdas Šemeta, Member of the EC in charge of Taxation and Customs Union, Audit and Anti-Fraud, held a joint press conference on the proposal of the EC on changes to criminal law to improve protection of EU financial interests.
Losses to the EU budget due to illegal activities are a cause of concern. More than 90% of the EU budget is managed nationally. In 2010, there were a total of 600 suspected fraud cases involving EU expenditure and revenue. Member States reported suspected cases of fraud to a level of €600 million.
These were cases where applicants for EU funds provide false information to receive funding in for example the field of agriculture of regional development or where national officials accept money in return for awarding a public contract, in breach of procurement rules. SHOTLIST